St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-10-28
The COMMERCIAL RECORD.
The Markets on the Chicago Board of
Trade Opened Easier Yes
terday.
The Only Speculative Activity Of ANY
Sort Was Developed in the
Corn Pit.
Transactions in the Financial Circles
of Wall Street.-The General
Quotations.
Special TO the Globe.

Special to the Globe.
CHICAGO. Oct. 27-The board of trade
opened steady, but became easy soon. Dur
ing the first hour November wheat worked
down from re TO 7iasc, December from
z 3I2c 10 73c, and May from 79Ac to zoe.
The market then rallied on good buying at
the decline. November corn opened at 12c,
December at 41l2c. and May at 45A@45Ssc.
The price declined 14@Ssc. and then when
wheat recovered corn behaved similarly.
There was considerable speculative activity
in both pits Provisions were dull and rather
lower. January pork opened at S12.31l2
and sold down TO S12.35. January lard
opened at $3.50. There was no action in
ribs. The market historian finds dry picking
to-day. The crowd felt bearish OH wheat and
sold freely, but the price held up well.
Hutchinson bought about all the December
wheat the crowd had to sell at 73Ac and
under, and Jones, Mccormick & Kennett
bought May from 79c up. The purchases by
the cotton firm were heavy and continuous.
They were also free buyers in New York. The
trade was largely local The crowd was
beaten on the day, the prices not
declining from the range established
at the close yesterday. Public
and private calls We're steady
and the situation abroad is still described as
healthy. There was good general buying of
corn for all active options. The crowd was
bulliSh on the light receiptS-241 ears yester
day and 200 estimated for today. There is
only moderate shipping inquiry, and lake
engagements of freight room were below the
daily average. Fluctuations were within a
14c limit, and there is practically no change
i'll prices or condition since yesterday. The
outside takes greater interest in corn than
throughout the forenoon. The tendency
was slightly downward, but the tone of the
market was firm. The preponderunce of the
scalping business was on the bear side, how
ever, and values settled fractionally, pork
losing Zoe, and lard sc. October ribs dropped
another 15c to-day, making decline of 40c
in two days. Lake engagements were re-
ported for only $4,000 bushels of corn. Es-
timated receipts tomorrow. 102 cars wheat,
200 cars corn, 125 cars oats.
THE ROUTINE REPORT.
CHICAGO, Oct. 27.-The markets on change
generally opened easier day, and little of
special interest was developed during the
session. Wheat opened fairly steady with
December at 1850. 1t soon became evident
that strengthening or supporting influences
were going to be scarce, and many small
scalperS were induced to sell out before the
expected break came. This action carried
wheat back to 73Isc. Subsequently little in
terest was developed. December wheat keep
ing close to 73Isc throughout the morning
session. On the afternoon board the market
became stronger, and December closed at
I39S@73s4c. Corn was moderately active to-
day, and the feeling developed was firm.
The market opened unchanged, became
weak in sympathy with wheat. declining 70
@Ac, then became firmer, due to strong
cables, light receipts, the urgent demand for
cash corn and the free buying at times by
two prominent houses, the market closing a
shade higher than Yesterday with Nav of
45A@45ssc and November at 417M42c
Oats were very dull, quiet and uninteresting
to-day. Only small volume of business was
transacted. and that at about yesterdays
prices. Provisions were traded in moder-
ately. The steadiness in the hos IN lrket had
a strengthening influence on she market for
products, and early transactions showed
a slight advance in prices. With
a weaker feeling was developed and the
more deferred deliveries changed hands at
lower prices. January delivery is still the
leader, and the bulk of trading centered in
contracts for that month. Demand was only
fair, and mainly from the short interest In
quiry on shipping account was fair, and Of
ferings were not very large. Trade was com
paratively light. The receipts of products
were large and the shipments moderately
free. January mess pork at ST.. 37I2 sold
ut S12.308l2.3 7l2 and closed at the latter
at S6.30@632la, and closed at $685. Jan
nary short ribs opened at S6.27l2, sold at
$62712@6 80 and closed at the latter figure.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat, No. 2-October opened at 7112c
closing at 7184e; November, us, closing at
I2Ac: December, 1850 closing at 1850;
May, 1850, closing 79l2c. Corn, No. 2-Oc-
tober opened at II 5sc, closing at 417sc; No
Vember, 42c, closing at 41l2c; December.
4Il2c, closing at 4lssc; May, 4514c, closing at
4514c. Oats, No. 2-October opened at 254c,
closing at 25Ac; November, 1888, closing at
255sc; December closed at 255sc; May, 29lac,
closing at posse Mess pork per bbl:.Janu-
airy opened at Sl2.37l 70, closing at So. 37l2.
Lard, per 100 lbs-October opened at So 60,
closing at Sc, 90; November So 27I2, clos
ing at $3.50; January. $3.50, closing
at $3.50; May, $3.50. closing at
S6.62l2. Short ribs, per 100 lbs-October
opened at 1878, closing at S6.65;
January, $6.27l2, closing at $500.
fair inquiry. prices and without special
change. Wheat-No. 2 spring, 71A@7Is4;
No. 3 spring wheat, 6412c; No. 2 red, 7214c.
Corn-No. 2, Al 7sc. Oats-No. 9, 25Ac. Rye
No. 2, 51l2c. Barley-No. 2, 72c. Flax
Seed-No. 1, Sl.09A. Prime timothy seed,
S2.19: Mess pork per bbl $13. Lard, per
$500: dry sailed shoulders (boxed), S5M
5:2o; short clear sides (boxed), S6.9O@7
Whisky, distillers' finished goods. per gallon,
S1.10 Sugars-Cut loaf 7c: granulated.
Csc; standard "a 6l2c. Receipts-Flour,
$4,000 Dbls; wheat, $4,000 bu; corn, 1877
900 bu; oats, 135, 900 bu; rye, 5000 bu;
barley, 10000 bu. hipments-Flour. 81
600 bbls: wheat, 10000 bu; corn, 30l, 900
blu; oats, 135. 900 blu; rye, 1000 Blu: barley.
$4,000 bu- On the produce exchange to-day
the butter market was quiet at 19la@26c for
creamery and 16@21c for dairy. Eggs, Ill2Gn
lSc for fresh laid.